This game is regarded as 49ers quarterback Steve Young's final leap out of the shadow of his predecessor, Joe Montana, who had won four Super Bowls with the 49ers (in 1981, 1984, 1988, and 1989), two with Young as the backup quarterback. With Young at the helm, and a defense consisting of several veteran free agents who joined the team during the previous offseason, San Francisco finished the regular season with a league-best 13–3 record, and led the league in total points scored (505). The Chargers, on the other hand, were regarded as a "Cinderella" team, and advanced to their first Super Bowl after posting an 11–5 regular-season record and overcoming halftime deficits in both of their playoff wins.

This was the first Super Bowl in which both teams scored in all four quarters. The combined aggregate score of 75 points and the ten total touchdowns both remain Super Bowl records. Still, the 49ers controlled most of the game, with Young completing touchdown passes in each of the 49ers' first two drives. The Chargers were able to cut the deficit late in the first quarter, 14–7, on a 13-play, 78-yard drive, but could not slow down San Francisco afterwards. Young was named the Super Bowl MVP, throwing a Super Bowl-record six touchdown passes, and completing 24 out of 36 passes for 325 yards.

Despite the predicted blowout (18½ points is the largest margin a team has been favored by in a Super Bowl), and the fact that San Diego did not have as much national appeal nor a relatively large core fan base, the telecast of the game on ABC still had a Nielsen rating of 41.3.[4]

The free agents enabled the 49ers to jump from the 18th-ranked defense in the league to the 8th, and to jump from the league's 16th-best defense against the run to the 2nd. Pro Bowl defensive lineman Dana Stubblefield led the team with 8.5 sacks. Rookie defensive tackle Bryant Young was also a big threat to opposing quarterbacks and rushers, recording 42 tackles, 6 sacks, and a fumble recovery. Behind them, Norton played very effectively at the middle linebacker position, leading the team with 77 tackles and recording an interception. Pro Bowl safety Merton Hanks led the team with 7 interceptions for 93 return yards, while Sanders had 6 interceptions for 303 return yards and 3 touchdowns, earning him the NFL Defensive Player of the Year Award. His 303 return yards was the third-highest total in NFL history, while his touchdown returns of 74, 93, and 90 yards made him the first player ever to have two 90-yard interception returns in one season. Pro Bowl safety Tim McDonald was also a big contributor, recording 2 interceptions for 79 yards and a touchdown.

The 49ers' offense was led by quarterback Steve Young, who replaced future Hall of FamerJoe Montana as the starter in 1991 and 1992 due to injuries. But after Young led the league in passing in both seasons, Montana was traded to the Kansas City Chiefs, leaving Young as the undisputed starter in 1993. But even with his impressive passing statistics, Young was criticized as "not being able to win the big games" as Montana had done in leading the 49ers to Super Bowl victories in XVI, XIX, XXIII, and XXIV. It also didn't help that the team had lost to Montana's Chiefs 24-17 during the regular season.

Still, Young again led the league in passing during the 1994 regular season with a passer rating of 112.8, breaking Montana's record for the highest regular season rating in NFL history. Young recorded 324 out of 461 completions for 3,969 yards, 35 touchdowns, and just 10 interceptions. He also had 58 rushes for 293 yards and 7 touchdowns, and earned the NFL Most Valuable Player Award.

With Young at the helm, the 49ers led the league in total points scored (505) and helped them earn a league best 13–3 regular season record. Pro Bowl running back Ricky Watters was the team's leading rusher with 877 yards and 6 touchdowns, while also recording 66 receptions for 719 yards and 5 touchdowns. Rookie fullback William Floyd was the team's second-leading rusher with 305 yards and 6 touchdowns, while also having 19 receptions for 145 yards. The team's leading receiver was Pro Bowl wide receiver Jerry Rice, who had 112 catches for 1,499 yards and 13 touchdowns, while also gaining 93 yards and two more touchdowns rushing the ball. Receiver John Taylor was also a reliable target, catching 41 passes for 531 yards and 5 touchdowns. Pro Bowl tight end Brent Jones added 49 receptions for 670 yards and 9 touchdowns. The offensive line was led by Pro Bowl center Bart Oates, another offseason free agent pickup, and Pro Bowl guard Jesse Sapolu.

Running back Dexter Carter had a standout season as a returner on special teams, gaining a combined total of 1,426 yards and a touchdown returning both punts and kickoffs.

The Chargers were the biggest surprise of the 1994 season, with very few expecting them to even reach the playoffs, let alone the Super Bowl.

San Diego suffered losing seasons in the 1980s until former Washington Redskins general manager Bobby Beathard joined the team in 1990. Beathard decided to rebuild the Chargers using the same model that he used to build the Redskins into Super Bowl contenders during the 1980s – a powerful running game built around big linemen, a passing game that helped sustain extremely long drives, and a bending but steady defense. After former Georgia Tech head coach Bobby Ross was hired by the Chargers in 1992, the team won the AFC West with an 11–5 regular season record and won an opening round playoff game against Kansas City. But in 1993, they slumped back to 8–8 and did not reach the postseason.

Before the start of the 1994 season, San Diego was not expected to do well because they had so many newcomers via the draft and free agency; the Chargers ended up with 22 new players on their roster, and 10 of them became starters. However, they ended up winning their first six regular season games en route to an 11–5 record, the AFC West championship, and the #2 AFC playoff seed. The Chargers went into the final game of the season against the Pittsburgh Steelers needing a win to get the #2 seed (a loss would have given that spot to the Miami Dolphins), which came with a first-round bye and a home game in the divisional round of the playoffs. Backup quarterback Gale Gilbert, subbing for injured starter Stan Humphries, led the Chargers to a come-from-behind 37–34 win, with John Carney kicking a game-winning field goal in the game's final seconds.

The Chargers' offense was led by quarterback Stan Humphries, who was the Redskins' backup to Mark Rypien during the 1991 season, when they won Super Bowl XXVI. During the 1994 season for San Diego, Humphries completed 264 out of 453 attempts for 3,209 yards and 17 touchdowns, with 12 interceptions. Wide receiver Mark Seay was the team's leading receiver with 58 receptions for 645 yards and 6 touchdowns. Wide receiver Tony Martin had 50 catches for 885 yards and 7 touchdowns, wide receiver Shawn Jefferson recorded 43 catches for 627 yards and 3 touchdowns, and tight end Alfred Pupunu had 21 receptions for 214 yards and 2 touchdowns.

Running back Natrone Means led the team in rushing with 1,350 yards and 12 touchdowns. He also recorded 39 receptions for 235 yards, and was named to the Pro Bowl. Third-down back Ronnie Harmon was also a big contributor, catching 58 passes for 615 yards and a touchdown. Meanwhile, the Chargers' special teams was also a major threat with Andre Coleman, who returned 49 kickoffs for 1,293 yards (26.4 average yards per return) and 2 touchdowns.

The Chargers had an excellent defensive line, anchored by Pro Bowl defensive end Leslie O'Neal, who led the team with 12.5 sacks and forced four fumbles, defensive tackle Chris Mims, who recorded 11 sacks, and Shawn Lee, who added 6.5 sacks and a fumble recovery. Their linebacking corps was led by Junior Seau, who was a Pro Bowl selection for the fourth consecutive year, recording 123 tackles, 5.5 sacks, and 3 fumble recoveries. Defensive back Stanley Richard was a major weapon in the secondary, recording 4 interceptions, 224 return yards, and 2 touchdowns. Defensive back Darrien Gordon was also a major asset to the team, recording 4 interceptions and 32 return yards, while also adding another 475 yards and 2 touchdowns returning punts. Safety Rodney Harrison was a rookie on the team.

Chargers backup quarterback Gale Gilbert became the first player to be a member of five consecutive Super Bowl teams. He had been a third-string quarterback for the Buffalo Bills, who had won AFC Championships in the four previous seasons (1990–1993).

The 49ers first defeated the Chicago Bears, 44–15, in the NFC Divisional Playoffs. Although Chicago scored first with a field goal, San Francisco scored 37 unanswered points to put the game out of reach by the end of the third quarter. Floyd scored three rushing touchdowns, while Young rushed for a touchdown and threw for another.

San Francisco then defeated their nemesis, the Dallas Cowboys, 38–28, in the NFC Championship Game. Expected to be a close game, the 49ers converted 3 Dallas turnovers into 21 points in the first quarter. On the third play of the game, cornerback Eric Davis returned an interception from Cowboys quarterback Troy Aikman for a touchdown. Wide receiver Michael Irvin lost a fumble on Dallas' next drive, setting up Young's 29-yard touchdown pass to Watters. Then Cowboys returner Kevin Williams lost a fumble on the ensuing kickoff, and it was recovered by kicker Doug Brien at Dallas' 35-yard line. Several plays later, Floyd scored on a 1-yard touchdown run to give San Francisco a 21–0 lead less than 8 minutes into the game. With the score 24–14 in the closing minutes of the first half, Aikman threw 3 straight incompletions, and a short punt by the Cowboys set up Young's 28-yard touchdown completion to Rice with 8 seconds remaining in the first half. The Cowboys eventually cut their deficit to 38–28 with a touchdown run by Emmitt Smith and Aikman's 10-yard touchdown pass to Irvin in the final period, but they were unable to score again. Although the Cowboys outgained the 49ers in total offensive yards (451–294), Aikman broke an NFC Championship Game record with 380 yards passing, and Irvin also broke an NFC Championship Game record with 192 receiving yards, Dallas was ultimately unable to overcome their first-quarter turnovers.

In the AFC Divisional Playoffs, the Chargers managed to overcome a 21–6 halftime deficit to defeat the Miami Dolphins, 22–21. In the first half, San Diego was limited to only two John Carney field goals, while Miami quarterback Dan Marino threw for over 180 yards and 3 touchdowns. However, the Chargers dominated the Dolphins in the second half, limiting their offense to just 16 plays. In the third quarter, after being stopped on fourth and goal at the 1-yard line, Chargers defensive lineman Reuben Davis tackled Dolphins running back Bernie Parmalee in the end zone for a safety. San Diego then took the ensuing free kick and marched 54 yards to score on Means' 24-yard touchdown run. Then with time running out, Humphries threw an 8-yard touchdown pass to wide receiver Mark Seay, giving his team a one-point lead. The Dolphins, aided by a pass interference call, responded with a drive to the Chargers' 31-yard line, but kicker Pete Stoyanovich's potential game-winning 48-yard field goal attempt sailed far to the right of the goal posts and sealed San Diego's stirring win.

San Diego then faced the Pittsburgh Steelers in the AFC Championship. Once again, the Chargers fell behind early as the Steelers built up a 13–3 halftime lead, but Humphries fooled the Steelers secondary with a 43-yard play-action touchdown pass to a wide open tight end Alfred Pupunu. The Chargers then took a 17–13 lead when Martin beat the Steelers secondary (particularly a badly overmatched Tim McKyer) down the right sideline for a 43-yard touchdown reception. On their final drive, the Steelers advanced to the San Diego 3-yard line, but Chargers linebacker Dennis Gibson sealed the victory on fourth down by deflecting quarterback Neil O'Donnell's pass intended for running back Barry Foster to turn the ball back over to San Diego. Just like the 49ers in the NFC title game, the Chargers advanced to the Super Bowl despite the fact that the Steelers had outgained them in many key statistical categories such as total plays (80–47), total offensive yards (415–226), and time of possession (37:13–22:47).

Entering Super Bowl XXIX, most sports writers and fans thought the Chargers had absolutely no chance of defeating the 49ers. San Francisco was on track, winning 12 of its 13 last games, including their playoff victories. Many people also thought that the NFC Championship Game between the 49ers and the Cowboys was "the real Super Bowl", because those two teams were commonly viewed as vastly superior to any AFC team. Furthermore, San Francisco crushed San Diego, 38–15, during the regular season. Therefore, the 49ers entered the game favored to win by more than 18 points, exceeded only by the 191⁄2 point spread in which the Baltimore Colts were favored over the New York Jets in Super Bowl III.

Many also speculated that Super Bowl XXIX would be the least watched game in Super Bowl history. In addition to the predicted blowout, the Chargers did not have as much national appeal nor a relatively large core fan base as the Chiefs, the Dolphins, or the Steelers. (This prediction ultimately turned out to be false. Although Super Bowl XXIX was viewed by 125.2 million people and had a Nielsen rating of 41.3, Super Bowl XXVI three years earlier was seen by 119.7 million viewers and recorded a 40.3 rating.)

This was the last Super Bowl broadcast by the Monday Night Football broadcast team of Michaels, Gifford and Dierdorf. This was the broadcast team for Monday Night Football from 1987–1997. They also worked ABC's coverage of Super Bowls XXII and XXV. This would also be the last Super Bowl aired on ABC until the 1999 season (when Al Michaels called the game with Boomer Esiason).

On the Tuesday prior to the Super Bowl, the ABC sitcom Full House aired an episode called "Super Bowl Fun Day" involving two main characters actually at the game. (Full House was set in San Francisco, and this was the only time during the show's run that the 49ers advanced to a Super Bowl aired on ABC). A week earlier, the Seinfeld episode "The Label Maker" involved Jerry trying to give away his tickets to the game. He eventually decided to go, but unfortunately was stuck sitting next to Newman.

To honor the NFL's 75th season, a special 75th anniversary logo was painted at midfield. Each player also wore a patch on their jerseys with the same logo. During the regular season, teams also wore "throwback" jerseys for selected games. The 49ers wore their throwbacks (which paid tribute to the 1957 Niners) for most of the season, this game included.

Thirty-second television advertisements for Super Bowl XXIX averaged $1.15 million in costs, the first time that Super Bowl ads exceeded the $1 million mark.

Following the game ABC premiered the television drama Extreme starring James Brolin; this was the last series to premiere following the Super Bowl until Family Guy premiered following Super Bowl XXXIII and is one of only four in the last fourteen years to premiere following a Super Bowl (joining Family Guy, its spinoff American Dad!, and Undercover Boss which premiered following Super Bowl XLIV), since the networks have preferred to have new episodes of established shows to catch as much of the post-game audience as possible.

This Super Bowl would later be featured on NFL's Greatest Games under the title Exercise in Excellence. The Super Bowl highlight film on which the episode was based was the only Super Bowl highlight film to be narrated by Harry Kalas.

This halftime show also had a connection with past ABC programming: the first two Indiana Jones films had their broadcast premieres on ABC, and the network aired a TV series, The Young Indiana Jones Chronicles, from 1992 to 1993 (actually serving as the lead-in to Monday Night Football at one point).

On the opening kickoff, a 15-yard facemask penalty on Chargers linebacker Doug Miller gave San Francisco the ball at their own 41-yard line. Then on the third play of the drive, 49ers quarterback Steve Young threw a 44-yard touchdown pass to Jerry Rice. The 49ers became the second team to take the opening kickoff and score a touchdown on that first drive (the first being the Miami Dolphins in Super Bowl VIII), and also set a new Super Bowl record for the fastest touchdown (later broken by Chicago's Devin Hester in Super Bowl XLI). After forcing the Chargers to punt, the 49ers advanced 79 yards in four plays, with Young rushing for 21 yards and then throwing a 51-yard touchdown pass to running back Ricky Watters to give San Francisco a 14–0 lead less than 5 minutes into the 1st quarter, and set a Super Bowl record for the fastest second touchdown scored by a team.

The Chargers responded on their ensuing possession, marching 78 yards in 13 plays and taking more than 7 minutes off the clock. Running back Natrone Means finished the drive with a 1-yard touchdown run to cut San Diego's deficit to 14–7. But the 49ers quickly countered after the ensuing kickoff, driving 70 yards in 10 plays. Rice started off the drive with a 19-yard reception and 10-yard run on a reverse play, while Young added a 12-yard completion to John Taylor and a 15-yard scramble before eventually finishing the drive with his third touchdown pass, this one a 5-yarder to fullback William Floyd.

Later in the 2nd quarter, Chargers punter Bryan Wagner's 40-yard punt from his own 9-yard line gave the 49ers the ball at the San Diego 49. San Francisco then marched on a 9-play drive to score on Young's fourth touchdown pass, an 8-yard toss to Watters with 4:44 left in the half, making the score 28–7. The Chargers then took the ensuing kickoff and drove 62 yards from their own 25-yard line to the San Francisco 13, featuring a 33-yard gain on a screen pass from Stan Humphries to Eric Bieniemy, San Diego's longest play of the game. But after three incomplete passes, one of which was a perfectly thrown Humphries pass that Mark Seay dropped in the end zone, they were forced to settle for kicker John Carney's 31-yard field goal, cutting their deficit to 28–10.

A 33-yard completion from Young to tight end Brent Jones helped the 49ers reach the San Diego 29-yard line on their next possession, but Young's third-down pass to Jones was overthrown, and rookie kicker Doug Brien missed a 47-yard field goal attempt. The Chargers then drove to their own 46-yard line, but 49ers defensive back Eric Davis intercepted Humphries' third-down pass in the end zone with 10 seconds left in the half, and the score remained 28–10 at halftime. The Chargers' 18-point halftime deficit ended up being the closest scoring margin they would reach for the rest of the game.

Leading 28–10 in the 3rd quarter, the 49ers added 14 more points. The Chargers were forced to punt after three plays on the opening drive of the second half, and Dexter Carter returned the ball 11 yards to his own 38-yard line. Young subsequently completed three consecutive passes for 53 yards on a 7-play, 62-yard drive that ended with Watters' third touchdown on a 9-yard run. After a 33-yard kickoff return by Andre Coleman, the Chargers advanced to the San Francisco 33-yard line, but they turned the ball over on downs when Humphries' fourth-down pass was broken up by Davis. After the turnover, Young led his team on a 10-play, 67-yard drive, aided by a 22-yard pass interference penalty against Darrien Gordon on third and 14, to score on his fifth touchdown pass, a 15-yard completion to Rice. The Chargers' only highlight of the 3rd quarter was when Coleman returned the ensuing kickoff 98 yards for a touchdown. Then, wide receiver Mark Seay caught a pass for a successful two-point conversion (the first in Super Bowl history), but it only cut the deficit to 42–18.

The 49ers were forced to punt on their next drive, but San Diego ended up turning the ball over on downs when Means was tackled for a 4-yard loss on a fourth down and 1 from their own 37-yard line. Six plays later, Young threw his record-setting sixth touchdown pass to Rice with 13:49 remaining in the game to make the score 49–18. The Chargers responded with a 13-play, 59-yard drive to get to the San Francisco 7-yard line, but 49ers defensive back Deion Sanders intercepted backup quarterback Gale Gilbert's fourth-down pass in the end zone. After two San Francisco punts and another interception (defensive back Toi Cook picked off a pass from Humphries on the 49ers 28), the Chargers scored the final points of the game with a 30-yard touchdown pass from Humphries to wide receiver Tony Martin and another two-point conversion to make the score 49–26. San Francisco recovered the ensuing onside kick and ran time off the clock before punting to the San Diego 7. San Diego drove to the San Francisco 35 before time ran out, and the game ended in a 49ers victory.

At the end of the game, Young showed his jubilation at finally being able to win "the big one" while accepting the MVP trophy. "There were times when this was hard! But this is the greatest feeling in the world! No one — no one! — can ever take this away from us! No one, ever! It's ours!" Young and his teammates were equally enthusiastic in the locker room afterwards. "We're part of history", said guard Jesse Sapolu. "This is probably the best offense people will see in their lifetimes." "Is this great or what?" Young added. "I mean, I haven't thrown six touchdown passes in a game in my life. Then I throw six in the Super Bowl! Unbelievable."[5]

Rice caught 10 passes for 149 yards and 3 touchdowns, tying his own record for most touchdown receptions in a Super Bowl, and becoming the first player ever to do it twice. He also recorded 10 rushing yards. Watters rushed for 47 yards and a touchdown, while also catching 3 passes for 61 yards and two touchdowns. Means, who rushed for 1,350 yards in the regular season, was held to just 33 yards in the game. Humphries finished 24 out of 49 for 275 yards and one touchdown, with two interceptions. Seay was the Chargers' top receiver with 7 receptions for 75 yards, while Ronnie Harmon added 8 catches for 68 yards. Defensive end Raylee Johnson had two sacks. Coleman's 8 kickoff returns for 244 yards and a touchdown set the following Super Bowl records: most kickoff returns in a Super Bowl, most kickoff return yards in a Super Bowl, and most combined net yards gained in a Super Bowl.

This was the first Super Bowl to have two players each score three touchdowns. Rice matched his Super Bowl XXIV performance with his three touchdown catches. Watters also had three touchdowns, matching Roger Craig's three touchdowns (two receiving and one rushing) in Super Bowl XIX. Watters also became the second running back to catch two touchdown passes in a game, matching Craig.

Ken Norton, Jr. became the first player to win three straight Super Bowls, although as a member of two different teams. Norton was a member of the Cowboys teams who won Super Bowls XXVII and XXVIII. Deion Sanders became the first player to play in both a Super Bowl and a World Series, playing in the 1992 World Series with the Atlanta Braves.

Chargers quarterback Gale Gilbert became the first player to be a member of five straight Super Bowl teams. Gilbert was a member of the Bills who played in four straight Super Bowls (XXV–XXVIII). Gilbert was on the losing team in all five Super Bowl games.

As for the Chargers, the implications of their defeat were worse in hindsight as this remains as the only Super Bowl the Chargers had ever played in and including the pre AFL-NFL merger, the 3rdchampionship game the Chargers lost, since they previously won the AFL Championship in 1963. That championship remains to this day as the only major sports championship the city of San Diego has won (and also the longest championship drought for any city that has at least two major sports franchises), so even though they were heavy underdogs, the loss still had a great significance.[8][9] The Chargers would also not win another playoff game since then until the 2007 season, when they reached the AFC Championship, but lost to the then 18-0 New England Patriots, 21–12. This remains the closest the Chargers have gotten to returning to the Super Bowl as of the 2016 season.

1 – From 1966 to 1969, the first four Super Bowls were "World Championship" games played between two independent professional football leagues, AFL and NFL, and when the league merged in 1970 the Super Bowl became the NFL Championship Game.
2 – Dates in the list denote the season, not the calendar year in which the championship game was played. For instance, Super Bowl XLI was played in 2007, but was the championship for the 2006 season.